Entries by Alex - Chart Freak

Watching Paint Dry

December 9, 2015 /39 Comments/in /by

Tuesday was a little like watching paint dry in the markets. Not a lot has changed, but it is important to watch how the various sectors set up going into the Fed Mtg next Wednesday. How they approach that Dec 16 decision might give clues as to which direction the next move will take.

SPX - This was Dec 7 and the markets dropped a bit, but remain above the 50sma for now.

SPX 12-7

SPX - Tuesday it is still holding the 50sma,  but at this point I see signs of  internal weakness , not strength.  

SPX 12-8

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Remain Calm

December 8, 2015 /33 Comments/in /by

Have a plan, and stick to it.  If something moves rapidly in the wrong direction, don't get upset and don't panic. Remain as calm as possible, take action if necessary.  These are my rules for walking the Serengeti and Trading.  🙂

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GOLD BOTTOMS -

Lately Golds lows have been hard for some to hold. "Have a plan and stick to it. If something moves rapidly in the wrong direction, don't get upset and don't panic...."

GOLDS LOWS

More on precious metals later

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SPX - It will be interesting to see where we are on Dec 15th. This could break down or form a triangle here.

SPX 12-7

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In The Charts

December 7, 2015 /13 Comments/in /by

After this weekends report,  I wanted to look at some charts of stocks for buying opportunities. The theme chart above was an older buying opportunity that is now a bit extended. It may pullback and offer another low risk entry, but here are some current opportunities...

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Golden Delivery

December 4, 2015 /1 Comment/in /by

The Precious Metals markets have been tricky lately, selling off to new lows day after day.   There were clues along the way that were foretelling the big move that we see today.  You can read my last report here under the public blog to see what I was looking at and expecting. This update will give add  recent charts used in this weeks reports.

GOLD DEC 2 - Prices kept hitting new lows, but the Miners were staying above their 10sma. I was pointing out that the rising MACD and the C.O.T. report were actually just a couple of the Bullish signs indicating that soon Gold & Silver should rally higher.

GOLD 12-2

This is the GLD today

GLD 12-4

 

 

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U Turns

December 4, 2015 /45 Comments/in /by

What a week! The Fed spoke on Wednesday, Thursday we saw Draghi shaking things up, and now on Friday we will have the November jobs report and  The OPEC Leaders will discuss whether or not to cut production. Yesterday we saw some U-Turns in the market place and it's not like they dont have further implications. Lets review.

SPX -  I recently started pointing out weakness in the rise of the markets and the Dollar. These were from Dec 2.

SPX 12-2

USD Dec 2 -  Bearish

USD 12-2

UUP

Now lets see what happened and discuss what the implications going forward might be...

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Keep It Simple Stupid ( K.I.S.S.)

December 3, 2015 /60 Comments/in /by

There was a lot of action in the markets today, maybe that was due to the Beige Book and Fed Yellen Speech .  Reminder: DRAGHI speaks Thursday morning and we have a jobs report Friday morning.

 I wanted to just keep It Simple today,  and let the charts do the talking. Lets see what they have to say...

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SPX -  Dec 1 - I was pointing out that the chart looked bullish, but as it moved higher the MACD was 'concerning'.

SPX 12-1

SPX - Now both Price and the MACD are concerning. That could be a bearish engulfing, even though the futures are pointing higher as I write.

SPX 12-2

Read on for more...

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Leaders And Laggers

December 2, 2015 /19 Comments/in /by

I believe that today the Beige book is released and Janet Yellen speaks.  Will that change current conditions in the market? We'll see, but right  now in a sector that sold off to new lows, we are seeing leaders emerge.  We'll discuss that after a brief review of the markets.

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SPX - I'm noticing a weak MACD ,but the RSI looks good.  I still think that the markets can break to new highs, but being the 3rd daily cycle I also think that the upside may be capped a bit for now. Notice how the 10sma held the decline.

SPX 12-1

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Public Post – Whats Happening With Gold?

December 1, 2015 /5 Comments/in /by

I received a good number of emails where people said that they were “Going short for the final plunge in Gold below $1000!”.   I’m not saying that that plunge wont come, but does the evidence point to last weeks break down being the signal to go short? Lets look at some charts and see what […]